Futures indications weaken in response to this morning's economic data, now suggesting an even lower start for stocks. A preliminary read on Q2 productivity just checked in at a lower than expected 1.8% (consensus 2.0%) while productivity figures over the last three years were revised lower. With high levels of resource utilization still a Fed focal point as having the potential to sustain inflation pressures, unit labor costs rose a higher than anticipated 2.1%, hardly sidelining wage-based inflation worries. wage inflation is on top of the feds list of worries and today it finally came home to roost. 2.1 vs 1.8. also productivity fell. the fed was shocked that productivity was'nt falling while wages were moving up. today it finally happened.